Spending reductions in the tax code

I'm not the first or only one to note it, but it's worth noting that President Obama attempted to redefine a tax increase in his speech yesterday as a "spending reduction in the tax code".

The president also called for undoing the Bush tax cuts for upper-income taxpayers, and for canceling other tax cuts many of them receive such as the mortgage interest deduction — items that instead of labeling “tax increases” he called “spending reductions in the tax code.”

Actually, it's not too surprising given that PLDs* have been portraying tax cuts as "spending" for a while now. May as well be consistent.

*Progressives, Liberals, Democrats - take your pick.